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Persistent link: https://www.econbiz.de/10010486925
We present an information good pricing model with persistently heterogeneous consumers and a rising marginal propensity for them to pirate. The dynamic pricing problem faced by a legal seller is solved using a flexible numerical procedure with demand discretisation and sales tracking. Three...
Persistent link: https://www.econbiz.de/10010939773
This paper introduces a flexible method based on dynamic programming to calculate the quantitative value of any approach to managing the innovation process. The quantification lets managers precisely compare the values of different approaches, and so identify those that are optimised for their...
Persistent link: https://www.econbiz.de/10014030500